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Major News and Events of 30 July 2012

What Happened on 30 July 2012

Chidambaram to be finance minister again, Shinde gets home

Just ahead of parliament's monsoon session,P. Chidambaram was appointed as finance minister, sensitive home portfolio was given to Sushilkumar Shinde and power ministry's portfolio was assigned to Corporate Affairs Minister M. Veerapa Moily by the Prime Minister Manmohan Singh. Since there were limited changes the implications are strong that after the monsoon session there would be bigger shifts and Rahul Gandhi may be assuming a role in the government if the Congress decides on that.A reshuffle of the All India Congress Committee (AICC) may be on the cards as well. 

RBI keeps repo rate, reverse repo rate and CRR same, cuts SLR by 1 percent

The Reserve Bank of India (RBI) did not change the key policy rates for the second time since June on the grounds that any reduction in rate would raise inflationary pressure without acting as a stimulant for growth. At the same time it slashed the  statutory liquidity ratio (SLR) by a percentage point to 23 percent to ease the flow of credit to industry. This may infuse Rs 60000 crore liquidity in the markets. The repo rate was kept unchanged at 8 percent, reverse repo rate at 7 percent and the Cash Reserve Ratio (CRR) was kept steady at 4.75 percent 

NALCO power units in Odisha hit by grid failure

The breakdown of the Eastern Grid led to collapse of two units of the captive power plant of the state-run National Aluminium Company Ltd (NALCO) in Odisha. The power plant at Angul has eight running units. Some disruptions were also experienced at NALCO's captive power at Damanjodi in Koraput district. Major parts of Odisha were without power for two hours at least after the grid collapsed.

Olympics: Kashyap, Devendro bring some cheer on a dismal day

It was a dismal day again at the Games for India with the tennis doubles combination of Mahesh Bhupathi and Rohan Bopanna crashing out of the men's double event, archers were out of the competition, the rowers, the sole judoka and the only remaining weightlifter also bid adieu to the competition.  There was something to cheer for though for India. Shuttler Parupalli Kashyap moved ahead to the last eight of the men's single event as he defeated the 10th seed Tien Minh Nguyen of Vietnam 21-9, 21-14 in 39 minutes at the Wembley Arena to top Group D. In boxing Devendro Singh got into last 16 of the 49kg class when the referee stopped the contest in the 1st round when Honduran Bayron Molina Figueroa felt dizzy after getting some heavy blows from Singh. 


Lot in store for movie goers this Friday

Cinegoers can look forward to this weekend as they have in store romantic film "Yeh Jo Mohabbat Hai", erotic thriller in "Jism 2",  comedy movie "From Sydney With Love" to 3D animated film "Krishna Aur Kans" -- all out for release on Friday. "Yeh Jo Mohabbat Hai" is a love drama and is directed by Shree Narayan Singh, the film would initiate a new beginning for Shakti Samanta's banner Aradhana Films. "From Sydney With Love" is directed by Prateek Chakravorty, grandson of Pramod Chakravorty and is a family comedy.Filmmaker Pooja Bhatt's bold and much hyped  "Jism 2" is a sequel to 2003 film "Jism". "Krishna Aur Kans" is a 3D animated film which will release in four different languages - Hindi, Tamil, Telugu and English.

WIPRO introduces CBS in five cooperative banks

 Wipro Ltd  has integrated its core banking solution (CBS) in five state-run cooperative banks under the National Bank for Agriculture and Rural Development (Nabard) thus offering e-banking facilities to rural customers. This would lead to computerization of 76 state and district cooperative banks, including 2,790 branches across 10 states in the country. The CBS would expand the reach of the cooperative banks and lead to increase in the volume of business while keeping the operation cost at the lower end. 

Second blackout leaves half of India without power

 A massive power failure that affected 19 states, half of the 1.2 billion population, stalled over 300 trains thus affecting 300,000 rail passengers and trapped 200 miners in a mine- the ordeal continued for many hours. India's blackout was one of the world’s worst blackouts.  Power was restored at around 730 pm. The grid collapsed around 1 pm and affected northern, eastern and northeastern grids. States which were in the blackout zone included Jammu and Kashmir, Himachal Pradesh, Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, West Bengal, Odisha, Jharkhand, Sikkim, Assam, Meghalaya, Tripura, Nagaland, Manipur, Mizoram and Arunachal Pradesh. Sushil Kumar  Shinde said this happened due to overdrawing of power by Uttar Pradesh, Punjab, Rajasthan and Haryana. The states did not accept this charge. Interesting to note was the fact that the day when the nation was grappling with power crisis Shinde had a change of portfolio from power ministry to home ministry.

29 pilgrims die in an accident in Haryana

29 pilgrims lost their lives when the canter truck they were traveling in got into head on collision with another truck at Haryana's Bhiwani district. As many as 57 people were returning from Amarpura Dham shrine in Rajasthan when the accident happened. 22 people died on spot while 7 succumbed to injuries in the hospital. Among these 10 were women and 3 children. The victims were rushed to hospitals in Hisar which was 15 km from the accident spot. Two persons who are seriously injured have been taken to the Post-graduate Institute of Medical Sciences (PGIMS) at Rohtak for treatment.

Rail tragedy: 32 die as Tamil Nadu Express catches fire

In one of the most shocking train tragedies, 32 people were charred to death when a second class coach of Tamil Nadu Express which was Chennai bound caught fire early on Monday near Nellore in Andhra Pradesh. Even as the flames engulfed the S-11 coach the train did not stop and the passengers in a desperate attempt tried to escape somehow but one of the doors were jammed and at that end of the coach people succumbed to death in a most horrific manner. The official count of the dead was 32 and the number of injured was 25. Earlier the figure of dead was stated as 35 which was later on revised. Only 5 bodies could be identified as other were burnt beyond recognition. There were conflicting opinions as far as the reason of the fire was concerned, some stated it was sabotage, some people said they heard an explosion while others said it happened due to short circuit.

London Olympics: Narang brings bronze, Saina moves ahead

Ace rifleman Gagan Narang was first to open medals account for India with winning a bronze medal. Narang aggregated 701.1 (598 qualifying, 103.1 final) to secure third position in 10 metre air rifle at the Royal Artillery Barracks range.  Champion shuttler Saina Nehwal and both the men's tennis doubles combinations posted wins as well on Monday. India fought valiantly in the hockey pool match and lost 2-3 to Netherlands. Sumit Sangwan the boxer received an unfair verdict as it appeared. To this India has lodged an official complaint with the competition organisers. Men's tennis player Vishnu Vardhan and woman archer Bombayla Devi were out of the competition. Abhinav Bindra failed to make it to the final of 10 metre air rifle event. 

Four proposed SEZs in Maharashtra axed

Out of 238 proposed SEZs in Maharashtra, 4 SEZs have been axed as they received stiff opposition from the local people. The changed economic scenario also had to contribute to this. Two of SEZs were to be in Pune, one in Raigad and another in Aurangabad. They would have initiated development and generated employment opportunities in the regions. Videocon Realty & Infrastructure Ltd, Mahindra & Mahindra Group and IndiaBulls Infrastructure Ltd. were the corporate who would have invested in the projects. 

Manesar plant lockout continues

It is status quo in Maruti's Manesar plant after twelve days of violence which resulted in death of general manager Awanish Kumar Dev and 100 workers sustained injury in the incident.The killers are yet to be caught. The company then decided on July 21 for the lockout till there was an assurance that safety of the workers were not compromised. 



Customs release restored print of Uday Shankar's 'Kalpana' after 25 days
The restored digital print of "Kalpana" - a 1948 film on experimental dance by the famous dancer Uday Shankar was handed over to its Indian restorer, Shivendra Singh Dungarpur. Dungarpur collaborated with the  Hollywood filmmaker Martin Scorsese's World Cinema Foundation for the digital enhancement of the film. When the digital print arrived in India, it was stuck at customs for 25 days since July 5 as there was not enough documents submitted by the courier agency. The custom department took time in deciding under which section they could provide exemption of duty to the restored print. Dungarpur will give the print to the National Film Archives of India (NFAI)
Nasscom appreciates PM's move to review tax laws
The National Association of Software and Services Companies (Nasscom) has appreciated the initiative of Prime Minister Manmohan Singh to review tax laws related to the IT industry, especially MNCs, which have captive development centres across the country. The PMO announced that a four-member committee, led by former Central Board of Direct Taxes (CBDT) chairman N. Rangachary would  review taxation of MNCs and the IT sector to initiate more investment.India is a leading destination for global sourcing of technology and MNC development centres have contributed to the growth of the industry as stated by Nasscom president Som Mittal. In India about 750 MNCs have established development centers which offer cost effective and high quality knowledge-related work like product development, analytical work and software development. 

FAQs and Answers on Indian History and Geography
Which state in India has its own constitution? Jammu and Kashmir is the only Indian state which has its own constitution. The constitution of Jammu and Kashmir, which was adopted on 17 November 1956 and came into effect on 26 January… Read More...
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